Company began development of new computer gaming software on January 1, Year1. On November 1, Year 1, company determined that the software had achieved technological feasibility. The software was completed and offered for sale starting March 1, year 2. Development cost for the software totaled $1,500,000. Of the amount, 60% was incurred prior to November 1, Year1.

Determine the amount of development costs (if any) to be capitalized and amortized.